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Taxation

The rules everyone has to work with — and the levers that matter most.

Tax touches every financial decision, but most people only need to understand a handful of moving parts: how income is taxed, how gains are taxed, how dividends and interest are treated, and the small number of allowances that quietly disappear every 5 April if you don't use them. This topic covers those, plus the two cliff edges that catch people who don't think of themselves as high earners.

In this topic
How income tax actually works

Bands, allowances, National Insurance, and why your marginal rate is rarely the rate you think.

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The 60% tax trap

Between £100,000 and £125,140, every extra pound is taxed at an effective 60%. Here's why, and what to do.

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The High Income Child Benefit Charge

Why you should claim Child Benefit even if it gets clawed back, and how the charge actually works.

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Capital Gains Tax basics

What's taxed, what isn't, the rates, and the reliefs most people never use.

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Capital gains tax on property

Your main home is usually exempt. Everything else has a 60-day clock attached.

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Dividend and savings tax

Interest and dividends have their own rates and their own allowances. Both have shrunk.

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Tax year-end planning

A handful of allowances reset every 5 April. Unused, they're simply gone.

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Inheritance Tax basics

The short version — and where to find the full treatment.

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Due North Money

Free calculators and straight-talking guides to pensions, savings, tax and retirement, written by people working in financial planning in the North East.

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Important

Due North Money publishes general information only. Nothing on this site constitutes personal financial, tax or legal advice. Tax rules depend on individual circumstances and can change. Consider seeking regulated financial advice before acting.

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